We have the best interests rates because our customers deserve to share in the rewards .
Simple and Transparent
In addition, by eliminating the cost burdens of the legacy banking industry - an expensive branch banking network and the cost of maintaining outdated technology, IFEB can pass this benefit directly to our customers.
Minimum Opening Deposit: $1,000.00
Funding Your Account: Transfer from existing IFEB account, Paper Check by mail, Wire Transfer
Fees: No account opening fees, no maintenance fees, no incoming wire fees, no automatic renewal fees
FDIC Insurance: This product is not FDIC insured. IFEB is classified as a "well-capitalized" financial entity which gives the comfort of knowing your money is safe. The associated cost savings is being passed on to you in our industry leading rate.
Maturity Notice: IFEB will send you a notice of the maturing funds 20 days before the maturity date.
Maturity Process: Withdraw funds, Add funds to your Account, Take no Action - funds will automatically renew for the same term and at the current IFEB quoted APY.
Early Withdrawal: Unfortunately there is a penalty for withdrawing the funds before the maturity date. For transparency, this is because there is a cost to us. The penalty is equal to 90 days of interest earned. Talk to us before you do this; there might be a better option.
Safe and Sound
Disclosure: APYs are subject to change until CD is opened and assumes interest earned remains in account until maturity. Offer good for the initial term only. CD is automatically renewed into a personal CD at the same term and at the quoted APY in effect at that time. Minimum deposit of $1,000 to earn advertised APY. The stated APY assumes interest on deposit until maturity and a withdrawal of interest will reduce earnings. A penalty may be imposed for early withdrawal. IFEB’s High Yield Certificate of Deposit products are not FDIC insured.